Thursday, November 7, 2024

No input tax credit if e-invoice not uploaded in GST portal within 30 days: New rule soon

GST: Buyers will not be able to claim input tax credit (ITC) if specified sellers or suppliers do not upload the e-invoice within 30 days from the date of its generation. ​"From 1st April 2025, taxpayers with an AATO of Rs 10 crore and above would not be allowed to report e-invoices older than 30 days from the date of reporting on IRP portals."

from Tax-Wealth-Economic Times https://ift.tt/91bpn8Y

No comments:

Post a Comment